Global Maritime, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has made two important hires to support its Asia Pacific (APAC) operations. Mei Ling Chan has been appointed as Regional Finance…
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Plenty Ships Wins Chinese Ferry Order
CoCo Yachts – Plenty Ships has won an order with Zhuhai Fast Ferry Company to build two aluminum high speed ferries. Zhuhai Fast Ferry Company has several fast ferries in its fleet, including two CoCo Yachts designed Coastal Cruiser 288, which…
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Wärtsilä to Replace OSV’s Generator with Batteries
Wärtsilä informs it has signed an agreement with Norway’s Eidesvik Offshore to install a hybrid system with batteries on board of its offshore supply vessel (OSV) Viking Princess. Batteries will reduce the number of generators on board Viking Princess…
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Speedcast, COMSAT Partner in Maritime Market
Speedcast International Limited provider of fully managed, remote communication and IT solutions, announced it has signed an agreement with government satellite connectivity provider COMSAT to establish a common global service offering of Ku…
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Signs of Recovery Seen in Asian MR Market
A new lease of life has been breathed into the ailing Medium Range (MR) tanker market in Asia. The MR market has been mired in a slump in recent months, with TC11 rates sinking to a multi-year low of $240,000 in April on the back of lower product expor...
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Iridium’s Second NEXT Launch Pushed Forward
Iridium Communications announced the second launch for the Iridium NEXT satellite constellation has been moved earlier, and is now targeted for June 25, 2017 at 1:24:59 PDT with an instantaneous launch window. SpaceX informed Iridium that range…
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Navios Partners Buys Five Rickmers Containerships
Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has acquired five containerships from Rickmers Maritime Trust Pte for $59 million. The five 4,250 TEU vessels are employed on charters with a net daily charter r...
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U.S. spacecraft finds cyclones, ammonia river on Jupiter
CAPE CANAVERAL, Fla. (Reuters) - Jupiter's atmosphere features colossal cyclones and rivers of ammonia welling up from deep inside the solar system's largest planet, researchers said on Thursday, publishing the first insights from a NASA spacecraft fly...
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MARAD Funding Available for Small Shipyards
The U.S. Maritime Administration (MARAD) has made available nearly $10 million in grant funding for improvements to small shipyards. There is currently $9.8 million available under the Small Shipyard Grant Program for capital and related improvements…
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California Pushes Ahead on Ballast Water Compliance
We are quickly approaching September 8, 2017, the date when the International Ballast Water Convention will enter into force requiring ships to manage their ballast water using methods to remove or render harmless organisms contained within their balla...
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